Citibank North America branded credit card profits declined 10% and Citi retail cards declined 12% year-on-year (YOY) in the second quarter (Q2/15). End-of-Period (EOP) outstandings also slipped 4.1% and the Citi North America branded card base shrank 4% YOY in Q2/15.
eBay’s PayPal racked up an 11.1% gain in year-on-year (YOY) accounts to 169 million. PayPal, a force to be reckoned with as it jettisons from eBay this year, is going to be a wrecking ball to the payments industry.
Vodat International is using Authentic, an intelligent payments platform from Alaric, an NCR business. Vodat is using the platform to underpin its Unified Payment Service, which is providing retailers with a managed, PCI-compliant card processing solution.
HomeSend and Dialog Axiata inked a deal to make international remittance services available to millions of consumers across Sri Lanka. HomeSend is a joint venture between MasterCard, eServGlobal and BICS.
TSheets and Square have teamed to offer up more time tracking possibilities at the register and beyond. By designing flexible software that syncs between platforms, Square and TSheets offer integrated technology that works better together.
TransFirst and TRIARQ Health, a performance management services and clinically-integrated care coordination provider for independent medical practices have teamed.
Fitch Ratings has published the latest issue of its Capital Structure and Covenant Analysis for the 50 Largest U.S. Leveraged Issuers and thr average enterprise value/EBITDA market multiple for the Fitch 50 increased from 11x to 14.7x, far exceeding the average market valuation multiple across all sectors, which decreased from 10.2x to 9.9x.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Gonzalo Gortázar, Chief Executive Officer of CaixaBank.
CO-OP Financial Services has beefed-up CO-OP Revelation advanced analytics solution powered by Saylent’s Card360.
CardWeb.com’s CardData database of Company Profiles today features Cubic.
CardWeb.com’s CardData Reports today features the “Asia Pacific Mobile Money Industry Prospects till 2019 – China and India to Bolster Growth” report by Ken Research.
According to consumers worldwide, financial institutions excel at leveraging digital technology to meet convenience, choice and access needs of customers, but banks have permission to do more to become trusted advisors and move the banking relationship beyond transactional convenience to the center of the consumers’ living experience.